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  • ritametermaid6868 ritametermaid6868 Aug 15, 2011 6:46 PM Flag

    how did the company hold up in the march 09

    meltdown?

    I see the pps @ 50
    but more importantly how about the dividend

    any change good or bad

    still doing my dd

    any legit thoughts

    thanks

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    • The dividend held up well. The regular quarterly dividend was never cut, and the company even made a special dividend payment in December of 2008. Specifically, the dividend was $0.55 per share in March of 2008; went to $1.15 per share in December 2008 ($0.55 regular dividend plus a $0.60 per share special dividend); went to $0.65 per share in March of 2010 and to $0.80 per share in June of 2010; and went to its current rate of $0.95 per share in June of 2011. Thus, it not only underwent no cut, but it increased by 42% in the last three years.

 
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